SINGAPORE - Singapore Technologies Kinetics Ltd and United Overseas Bank Limited have received the Pinnacle Award, for their continued support to the Community Chest.
The award is given to organisations or individuals who have supported the Community Chest's for over 20 years. First presented in 2003, there has been 29 winners over the years, including this year.
They were two of a record high 422 awards given out at the Community Chests Awards 2016 held at the Istana on Wednesday (Sept 28), by guest of honour President Tony Tan Keng Yam and Mr Phillip Tan, chairman of Community Chest.
ST Kinetics has taken part in the Share programme for over 20 years, and today about three-quarters of its staff are involved in it.
Share is the Community Chest's monthly giving programme, which organisations adopt as part of their corporate social responsibility (CSR) initiatives. In April this year, the Share as One programme was launched, in which the government would match any increase in Share donations up to $10,000 annually, in grants to companies for CSR activities.
Meanwhile, UOB's contributions to the Community Chest hit the $20 million mark, following a $15 million donation in the last financial year.
In his speech, Mr Tan said the Care and Share Movement for SG50 was a catalyst for a record $69 million in donations for the last financial year.
"Indeed, it was a jubilee year that celebrated not just our nation's success, but also our giving heart," he said.
"We certainly hope that such exceptional giving will not be a once-off phenomenon because of SG50, but that the caring and giving spirit ignited, is sustained and will continue to grow."